Lincoln Property Partnership Acquires $450M Mixed-Use Tri-State Portfolio

Lincoln Property Partnership Acquires $450M Mixed-Use Tri-State Portfolio
News| August 19, 2026| Paul Bubny
New York & Tri-State + Apartment Buildings

Lincoln Property Company, Saber-Hightower and Waterfall Asset Management have acquired a $450-million Tri-State portfolio spanning four million square feet of existing properties and prime development sites across 300 acres in New York, New Jersey and Connecticut. 

The portfolio is headlined by iPark 84 in East Fishkill, NY, a 270-acre business park comprising approximately 1.8 million square feet originally built for IBM’s flagship semiconductor manufacturing plant. The campus can accommodate more than 1.5 million square feet of additional development and is well positioned with existing infrastructure and immediately available power capacity.

Additional assets include Edgewater Harbor, in Edgewater, NJ a 262-unit waterfront mixed-use community on the Hudson River; 761 Main Ave. in Norwalk, CT, an approximately 400,000-square-foot mixed-use center featuring a Northwell Health anchored medical outpatient complex, Cannondale bicycles headquarters, a 70,0000-square-foot Club Studio gym, and pads for entitled multifamily developments; and Trilogy Lofts in Yonkers, NY, a newly developed transit-oriented multifamily community adjacent to the Tuckahoe Metro-North station.

“This acquisition is a milestone in Lincoln’s rapid growth across the Tri-State region,” said Jared Toothman, EVP and Market Leader at Lincoln. “The portfolio complements Lincoln’s robust national industrial, healthcare, and retail platforms as well as our multifamily development pipeline of over 5,000 units in the New York metro area.”

The conversations behind tomorrow’s apartment deals happen at Connect Apartments on September 22 in LA. Connect with the capital sources, owners, developers, and brokers driving multifamily investment. Learn more and reserve your seat at www.connectapts2026.com.

Other News

Lewis Group Opens Second NorCal Rental-Home Community in West Sacramento

California & West + Apartment Buildings

Independence in West Sacramento, a new gated community of 208 townhome-style rental homes developed by Lewis Apartments, opened its leasing office and model homes to the public on Saturday, Oct. 24. Located in West Sacramento’s Southport/Bridgeway Island area, Independence introduces rental homes designed for residents who want the space and privacy of a single-family home...

Learn more

CBRE Arranges Sale of Future Mixed-Use Development in Wisconsin

Chicago & Midwest + Apartment Buildings

CBRE announced the sale of a 4.66-acre parcel at the northwest corner of County Highway MM and U.S. Highway 14 in Fitchburg, Wisconsin. Louisville, Kentucky-based Trilogy Real Estate Fitchburg LLC purchased the property from Fairchild Development LLC for $2.23 million, marking the company’s third location in the Madison market and expanding its footprint beyond its...

Learn more

Northmarq Arranges $96M Refi on SoCal Apartment Portfolio

California & West + Apartment Buildings

Northmarq has arranged $95.8 million in refinancing for a six-property, 1,461-unit multifamily portfolio owned and operated by E&S Ring across Los Angeles and San Bernardino Counties. The financing was arranged through Voya Investment Management by Northmarq’s San Francisco Debt + Equity team, led by managing director Nathan Prouty, SVP Andrew Slaton and senior investment anaylst...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up